____________________ (Two Words)are a Set of Direct and Support Activities

question 20

Short Answer

____________________ (two words)are a set of direct and support activities within every organisation that help create its products and services.

Know various pricing strategies and when to use them.

Recognize the use of odd pricing and its psychological impact.

Understand the seven-step sales process and its components.

Identify different promotional strategies and their objectives.

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Definitions:

Sales Contract

A legally binding agreement between a buyer and seller which outlines the terms of sale for goods or services.

Car Dealership

A business that sells new or used cars at the retail level, based on a dealership contract with an automaker.

Ownership Utility

The value or satisfaction an individual gains from having control over a product or item and the ability to use it as desired.

Salesperson

An individual employed to represent a company and its products or services, aiming to sell and promote them to customers.